It has been a long and painful ride for India’s oldest music streaming company. A breather may be around the corner.
For a few weeks now, Bharti Airtel has been in talks to acquire Gaana, India’s oldest and largest music streaming service, according to three people aware of the development. The talks are at an advanced stage and both companies are now negotiating the final valuation of the deal, according to one of the three people.
Gaana, more than a decade old, is owned by Times Internet, the digital business of Bennett Coleman & Co. Ltd, better known as the Times Group, one of India’s largest media conglomerates. Gaana, though leads the sector, competes with the likes of Reliance-owned JioSaavn, global …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.
Editor, Internet
harveen@mailtmc.com
Mumbai